There could be job losses and store closures unless the current 0pc VAT rate on food supplements is maintained. There could be job losses and store closures unless the current 0pc VAT rate on food supplements is maintained. VAT on food supplements will have 'catastrophic' impact on businessesThis is according to Isme, the independent representative association for small and medium enterprises. A VAT of 23pc will be applied to all food supplements, including vitamins, minerals, fish oils, and probiotics, from the 1st of March 2019. "As there has never been VAT on these products, the impact on business will be catastrophic," Isme CEO Neil McDonnell, said.

Source: Irish Independent February 04, 2019 12:22 UTC